Minister-designate for trade, agribusiness and industry, Elizabeth Ofosu-Adjare has espoused how President Mahama's 24-hour economy will provide solutions to the One District, One Factory (1D1F) initiative by former President Akufo-Addo.
Answering questions from the Appointment committee during her vetting, Ofosu-Adjare noted that inadequate raw materials for factories under the IDIF initiative was a key factor hindering the success of the initiative.
She explained that with the introduction of President John Mahama's 24-hour economy policy during her administration, the challenges experienced by the IDIF initiative will be dealt with. "I see the solution in the 24-hour economy because in the policy businesses are going to receive economy, agribusiness will play a key role where there will be commercial contract farming which will solve the raw material problem to a very large extent. "These factories I'm sure will sign on the 24-hour economy and get the benefit of raw materials, tax holidays, etc," she stated.
Former President Akufo-Addo introduced the One District One Factory (1D1F) initiative in 2017 to change the nature of Ghana's economy from one that is dependent on the export of raw materials and the import of finished goods to one that is focused on manufacturing, value addition, and the export of processed goods.
